EQ Resources Limited Annual Report 2025

ANNUAL Report June 2025 Directors’ Report 5 Insurance Premiums During the financial period, the Company has paid premiums to insure each of the Directors and Officers against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct whilst acting in the capacity of a Director or Officer of the Company, other than conduct involving a wilful breach of duty in relation to the Company. The premiums paid are not disclosed, as such disclosure is prohibited under the terms of the insurance contract. Audit and Non–Audit Services During the financial year, the following fees for audit and non-audit services were paid or payable to Nexia Melbourne Audit Pty Ltd, Nexia Melbourne Pty Ltd and Deloitte, Spain: 2025 $ 2024 $ Audit-related services Amounts paid or payable: - Nexia Melbourne Audit Pty Ltd 137,950 176,245 - Deloitte, Spain1 224,424 25,671 Taxation services Amounts paid or payable: - Nexia Melbourne Pty Ltd 4,600 27,634 - Deloitte, Spain1 204,218 65,793 571,192 295,343 1 2024 fees are for the period 18 January – 30 June 2024. The Directors are satisfied that the provision of non-audit services during the year by the auditor is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. On the advice of the Audit Committee, the Directors are satisfied that the provision of non-audit services by the auditor, as set out above, did not compromise the auditor independence requirements of the Corporations Act 2001 for the following reasons: ▪ the Audit Committee has reviewed all non-audit services to ensure that they do not impact the integrity and objectivity of the auditor; and ▪ none of the non-audit services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants. Auditor’s Independence Declaration A copy of the Auditor’s Independence Declaration, as required under section 307C of the Corporations Act 2001, is set out and located after the Director’s Declaration and forms part of this report. Corporate Governance A statement disclosing the extent to which the Company has followed the best practice recommendations set by the ASX Corporate Governance Council during the period is displayed on the Company’s website at https://www.eqresources.com.au/site/who-we-are/corporate-governance. Signed this 30th day of September 2025 in accordance with a resolution of Directors. Oliver Kleinhempel Executive Chairman EQ Resources Limited Annual Report 2025 71

RkJQdWJsaXNoZXIy MjE2NDg3